Poker champ Mizrachi owes $340,000 in taxes and is in foreclosure
South Florida's Michael 'The Grinder' Mizrachi has $6.9 million in tournament winnings
<!-- Module ends: article-header--><!-- Module starts: article-byline (ArticleByline) -->May 12, 2010|By Nick Sortal, Sun Sentinel<!-- Module starts: article-image (ArticlePageImage) -->
<!-- Module starts: sm-badge (SocialMedia) --><SCRIPT type=text/javascript>/* Javascript deferred */</SCRIPT>
<!-- Module ends: sm-badge-->
South Florida poker superstar Michael <!-- Module starts: sm-badge-top (SocialMedia) --><SCRIPT type=text/javascript>/* Javascript deferred */</SCRIPT>
Mizrachi, with $6.9 million career winnings, owes almost $340,000 in federal taxes and is facing foreclosure.
Mizrachi, 29, who had a record-breaking 2005 World Series of Poker, has been hit with a $339,711 lien from the Internal Revenue Service, records show. A Hollywood condo he owned with his brother, Robert Mizrachi, was foreclosed on and sold via an online auction on Wednesday. His Miramar home was foreclosed on in March, and is up for sale next week, according to court records.
The debts come from mismanagement of poker winnings, said Mizrachi, who said he fired his accountant and "hired a better one."
South Florida's Michael 'The Grinder' Mizrachi has $6.9 million in tournament winnings
<!-- Module ends: article-header--><!-- Module starts: article-byline (ArticleByline) -->May 12, 2010|By Nick Sortal, Sun Sentinel<!-- Module starts: article-image (ArticlePageImage) -->
-
Ethan Miller, Getty Images
<!-- Module starts: sm-badge (SocialMedia) --><SCRIPT type=text/javascript>/* Javascript deferred */</SCRIPT>
- <IFRAME style="OVERFLOW: hidden" height=61 border=0 src="/sn.php?out=iframe&l=tweetmeme&u=http%3A%2F%2Farticles.sun-sentinel.com%2F2010-05-12%2Ffeatures%2Ffl-mizrachi-poker-liens-20100512_1_world-poker-tour-michael-the-grinder-mizrachi-seminole-casino-hollywood&t=Poker+champ+Mizrachi+owes+%24340%2C000+in+taxes+and+is+in+foreclosure&i=mod-sm-badge-defer&s=large&a=center" frameBorder=0 width=50 allowTransparency scrolling=no></IFRAME>
- <IFRAME style="OVERFLOW: hidden" height=61 border=0 src="/sn.php?out=iframe&l=stumbleupon&u=http%3A%2F%2Farticles.sun-sentinel.com%2F2010-05-12%2Ffeatures%2Ffl-mizrachi-poker-liens-20100512_1_world-poker-tour-michael-the-grinder-mizrachi-seminole-casino-hollywood&t=Poker+champ+Mizrachi+owes+%24340%2C000+in+taxes+and+is+in+foreclosure&i=mod-sm-badge-defer&s=5&a=" frameBorder=0 width=50 allowTransparency scrolling=no></IFRAME>
- <IFRAME style="OVERFLOW: hidden" height=65 border=0 src="/sn.php?out=iframe&l=googleBuzz&u=http%3A%2F%2Farticles.sun-sentinel.com%2F2010-05-12%2Ffeatures%2Ffl-mizrachi-poker-liens-20100512_1_world-poker-tour-michael-the-grinder-mizrachi-seminole-casino-hollywood&t=Poker+champ+Mizrachi+owes+%24340%2C000+in+taxes+and+is+in+foreclosure&i=mod-sm-badge-defer&s=normal-count&a=center" frameBorder=0 width=50 allowTransparency scrolling=no></IFRAME>
<!-- Module ends: sm-badge-->
South Florida poker superstar Michael <!-- Module starts: sm-badge-top (SocialMedia) --><SCRIPT type=text/javascript>/* Javascript deferred */</SCRIPT>
- <SCRIPT type=text/javascript>var addthis_options = "digg, twitter, facebook, stumbleupon, delicious, friendfeed, buzz, slashdot, reddit, mixx, fark, linkedin, aim, google, myspace, newsvine, technorati, tumblr, typepad, wordpress, more";var addthis_exclude = "print";var addthis_pub = "archivedigger";</SCRIPT>http://madjacksports.com/forum/http://madjacksports.com/forum/http://www.addthis.com/bookmark.php...in foreclosure - Sun Sentinel&content=&lng=enhttp://www.addthis.com/bookmark.php...in foreclosure - Sun Sentinel&content=&lng=enhttp://www.addthis.com/bookmark.php?v=20<SCRIPT type=text/javascript src="http://s7.addthis.com/js/250/addthis_widget.js"></SCRIPT>
Mizrachi, with $6.9 million career winnings, owes almost $340,000 in federal taxes and is facing foreclosure.
Mizrachi, 29, who had a record-breaking 2005 World Series of Poker, has been hit with a $339,711 lien from the Internal Revenue Service, records show. A Hollywood condo he owned with his brother, Robert Mizrachi, was foreclosed on and sold via an online auction on Wednesday. His Miramar home was foreclosed on in March, and is up for sale next week, according to court records.
The debts come from mismanagement of poker winnings, said Mizrachi, who said he fired his accountant and "hired a better one."
